This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 86 m² on the 2nd floor, built in 2007, energy rating C. Located on rua da Raminha, 2, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features four private balconies that enhance living space and provide a serene outdoor retreat, complemented by an exclusive building with only two units per floor.
The valuation. The asking price of €347,000 is significantly above the fair value of €248,321, resulting in an overpricing of €98,679 (39.7%). This suggests the property is not a financially sound investment opportunity. Buy-to-flip angle. The resale strategy would aim to leverage the property's appealing finishes for a quick flip in the growing tourism market, although the high asking price complicates potential profit margins. Buy-to-let angle. A long-term rental strategy could yield an estimated gross yield of 4.1%, translating to roughly €1,186 per month, providing a modest return in the tourist-driven rental market.
Fair value modelled at €248,321 from 6 comparable sales in the area. Asking €347,000 sits €98,679 (39.7%) above — overpriced versus fair value.
Asking €347,000 versus the rua da Raminha, 2 area baseline of €225,983 (€2,628/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €225,983, adjusted for condition and micro-location, gives a modelled fair value of €248,321 (€2,887/m²), a €98,679 (39.7%) gap versus the €347,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Raminha, 2 | Subject | €347,000 | €4,035 | — | 72 | 77 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 29.7% | 77 | 73 |
| Portimão · 1e6477 | Active | €295,000 | €3,105 | 23.0% | 65 | 70 |
| rua do Pé da Cruz | Active | €348,000 | €2,829 | 29.9% | 68 | 69 |
| Portimão · 1e63d6 | Active | €353,000 | €2,942 | 27.1% | 74 | 73 |
| Median comp | €350,500 | €2,889 | 28.4% | 71 | 72 |
Short-term vacation rental The property is priced at €347,000, significantly above its fair value of €248,321, indicating it is overpriced by 39.7%. Given the 4.1% gross yield and the neighbourhood's amenities, this investment does not align well with the competitive returns typically expected from short-term vacation rentals. Long-term rental With a price gap of 39.7% above fair value, the €347,000 price tag poses a considerable risk for long-term rental viability, especially with a gross yield of just 4.1%. The limited local industry outside tourism may also hinder stable tenant demand, making this property less ideal for long-term rental strategies. Buy-and-hold At €347,000, this property is overpriced by 39.7% against its fair value of €248,321, raising concerns about long-term capital appreciation potential. While the area's low crime rates and local amenities are assets, the high entry price diminishes the attractiveness of a buy-and-hold investment approach.
Economic Volatility Risk A score of 70 in economic stability indicates potential fluctuations in market conditions that could impact rental income and property value.
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